Dynex Capital (NYSE:DX) issued its earnings results on Wednesday. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01, MarketWatch Earnings reports. The business had revenue of $12.17 million for the quarter. Dynex Capital had a return on equity of 13.60% and a net margin of 93.79%.
Shares of DX stock traded up $0.13 during trading on Thursday, hitting $5.92. 531,877 shares of the stock traded hands, compared to its average volume of 354,262. The firm has a market cap of $340.47 million, a PE ratio of 8.11 and a beta of 0.55. Dynex Capital has a 52-week low of $5.76 and a 52-week high of $7.34.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.16%. The ex-dividend date of this dividend was Tuesday, October 2nd. Dynex Capital’s payout ratio is presently 98.63%.
DX has been the topic of several recent research reports. Keefe, Bruyette & Woods set a $7.00 target price on Dynex Capital and gave the stock a “hold” rating in a report on Thursday, August 2nd. ValuEngine cut Dynex Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th.
Dynex Capital Company Profile
Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
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